Category: Energy

Energy, Industries, News

Trump Criticizes OPEC, Calling Oil Prices ‘Artificially’ High

April 20, 2018

Via: The New York Times

President Trump railed against the OPEC oil cartel on Friday, declaring that the group of oil producers had “artificially” raised oil prices and warning that such efforts would “not be accepted!” The president has frequently commented on financial markets, from […]

Energy, Industries

$100 oil is back on the table as OPEC stays strong on tightening production limits

April 19, 2018


Oil prices will rise to $100 per barrel if Saudi Arabia gets its way. Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the […]

Energy, Industries

Gasoline prices approach three-year high as oil gets more expensive

April 13, 2018


Gasoline prices have steadily crept up to a nearly three-year high nationwide, fueled by increasingly expensive oil. Fuel prices averaged $2.68 on Thursday, up 15 cents from a month ago and up 28 cents from a year ago, according to […]

Energy, Industries

OPEC oil output falls in March as U.S. shale production grows

April 12, 2018

Via: Market Watch

OPEC said Thursday its crude oil output fell last month amid compliance with the oil cartel’s agreement to cut production, even as the world’s total oil supply continued to rise on the back of burgeoning U.S. shale growth. In its […]

Energy, Finance Tech, Industries, Liquidity

China is reportedly taking the first steps to pay for oil in yuan instead of US dollars this year

March 29, 2018


China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally. Shifting […]

Energy, Finance Tech, Industries, Trading

Oil hits March high, buoyed by Middle East tensions

March 20, 2018

Via: Market Watch

Oil prices hit March highs on Tuesday, finding support from concerns over tensions between Iran and Saudi Arabia, and about Venezuela crude production. April West Texas Intermediate crude CLJ8, +2.14% rose by $1.20, or 1.9%, to $62.26 a barrel on […]

Energy, Industries

US shale oil will surge to nearly 7 million barrels a day next month: Dept. of Energy forecast

March 13, 2018


American shale drillers will take aim at the seven million barrels-per-day mark next month, as U.S. oil production continues to hit new record highs. Output from the nation’s shale oil regions is poised to grow by 131,000 barrels a day […]

Energy, Industries

US oil expected to meet most of world’s growth in demand

March 5, 2018

Via: ABC News

A global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years. The International Energy Agency believes slow growth from OPEC will be offset by oilfields […]

Energy, Industries

Gas Prices This Summer Are Expected to Hit a Four-Year High

February 28, 2018

Via: Fortune

Gas prices this summer are expected to be the most expensive since 2014, closing in on $3 per gallon, according to a new report from the Oil Price Information Service (OPIS). The national average is expected to hit $2.79 per […]

Energy, Industries

US shale investors still waiting on payoff from oil boom

February 23, 2018


U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday. Shale producers have raised and spent billions […]